Rural Auction

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The world class winery Sweetwater, located in the rolling hills of the Hunter Valley, was withdrawn when listed to been auctioned today.
It was marketed at half the earlier price expectations.
Inspired by southern European vineyard estates, the<a href="https://jurds.com.au/listings/rural_sale-319321-pokolbin/" target="_blank"> 48 hectare Pokolbin holding now comes with $12 million plus hopes</a>.
Chinese buyers have heard of the repricing which triggered a spate of recent inspections by international visitors. But listing agent Alan Jurd said it was withdrawn because he didn’t have anyone willing to bid under auction conditions.
<div>"The vendor is very realistic however and has just given me instructions to reduce the price to above $12million," he said.</div>
Cabernet Sauvignon and Shiraz vines cover a third of the estate which dates back to the colonial 1840s.
Not just a winery and olive grove, the main residence is a stunning Mediterrean style construction that features private and guest wing accommodations.
Duncan Hardie's Sweetwater Wines purchased the land in 1997 with most of the vineyards dying or being grazed by cattle.
Hunter Valley wine veteran Brian McGuigan provided early advice on the layout and planting, having worked on the vineyard when he was about 18 years old.
It is being marketed by Alan Jurd of Jurds Real Estate as the "most significant country vineyard estate in Australia."
<a href="/expert-insights/investing/40314-sweetwater-the-world-class-hunter-valley-vineyard-estate-has-30-million-hopes" target="_blank">Alan had initially been asked to list it at over $30 million last year</a>, then $15 million plus in the lead up to the auction.
Sweetwater Wines, part of the Hardie Holdings group, purchased the land in 1997 in Belford from Belford Pastoral Company, which was originally granted to the pioneering Richard Jones, a merchant and pastoralist.
In 1829 Jones had received 10,000 acres at Singleton in the Hunter Valley from where he established one of his finest vineyards in the Patrick Plains Shore at Sweetwater Creek off Old North Road. 
In 1844 from Jones’s first plantings, his vineyard produced a total of 2,000 gallons of wine. 
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Pokolbin's Sweetwater winery withdrawn from auction

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A circa 4,000 hectare rural landholding in Queensland’s premium cattle country has been listed for the sale via auction on July 20, the first time the land has been offered in more than 150 years.  
Located in Mundubbera, in Queensland’s Wide Bay-Burnett region, Lot 1 and 4 of Deepbank Station comprise two freehold titles covering nearly 4,187 hectares. 
The grazing land, comprising a mix of cleared and improved soil types, is being sold by the McCord family, which have a connection with the region spanning six generations. 
The listing is through CBRE Agribusiness’ Thomas Warriner, Geoff Warriner and Chris Holgar. 
“Properties in this area do no change hands often, which is testament to the productive nature of the region,” said Holgar. 
The property was originally timbered to Brigalow, Box and Ironbark trees, while grass types including Buffel, Creeping Bluegrass, Green Panic, Urochloa and Rhode support a productive cattle operation. 
The property’s major selling factors include the secure stock water resources, which include six bores, six dams and three creek systems, said Warriner.
Holgar said the areas timbered with Narrow Leaf Ironbark and Spotted Gum were also ideal for harvest as an additional source of income. 
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Family held cattle grazing land in Queensland up for auction

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Woodlands, located at Bungendore on the edge of the ever expanding Canberra, has been listed for online sale.
The sheep/wool farm is being <a href="https://www.realestate.com.au/property-livestock-nsw-bungendore-7850266" target="_blank">offered for sale via Meares Online Auction</a> by Meares &amp; Associates on 15th/16th November, 2016.
Woodlands comprises 1157.81 hectares with 420 ha established improved pastures including phalaris, cocksfoot and clovers.
The property was selectively top dressed with fertiliser up until approximately 2010.
It is a five minute drive from the historic tourist mecca Bungendore, 30-40 minute drive from the nation’s capital Canberra and its international airport and a three hour drive from Sydney CBD.
Woodlands was taken up by the Hyles family over 150 years ago, and has been managed by five generations of the family over that time. 
The property is currently conservatively carrying 2,600 – 3,000 DSE’s.
However agent Chris Meares says there's the ability to produce beef cattle, run a horse or stud operation, as well as viticulture including wine grapes.
The homestead, set in an attractive garden with a decomposed granite tennis court, is an 1870’s styled Victorian abode where renovations and extensions have been carried out over the years,
Ther's a 5 Stand electric woolshed and shearer’s quarters that can accommodate 12.
Its former school house is used for bunk accommodation.
"This offering would ideally suit an existing farmer or an ‘off farm’ investor,” Chris Meares suggests.
Woodlands is expected to sell for around $3 million with offers closing at 2pm 16th November, 2016 AEDT.
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Bungendore's Woodlands for online auction

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The long-held Kumbada farm at Jindivick has been sold by the Carnegie brothers after 72 years before its scheduled auction on December 8.
The sale price was not disclosed but is believed to be around $4 million.
The property spans 228.5 hectares and is one of the largest farm holdings in the district. It is located just to the north of the Princes Highway-Jindivick Road junction and close to the Drouin-Warragul area.
The selling agent was Rodwells Ruralco Property’s Damien Minogue.
A local beef cattle farmer is the new owner and has plans for a 300 cow-and-calf operation.
Originally purchased by the Carnegie brothers’ parents as a small dairy operation the acquisition of neighbouring holdings over the years created the sequence of long ownership and now presents the property in four titles.
“The Carnegie family dairy-farmed for many years but more recently Peter and John Carnegie converted it to livestock grazing with recent light stocking,” said Minogue.
“Over the years the Carnegie brothers have topped the Korumburra and more recently Leongatha markets many times with bullocks and vealers with their top quality grass-fed animals”.
The property has an eleven paddock subdivision.
“The improvements comprise the original three-bedroom homestead, plus a manager’s cottage plus another old cottage in need of renovation,” he said.
There are a number of support buildings including machinery sheds, an old dairy and the property has sealed road access.
“Good stock water resources are another feature with a creek frontage and a number of spring fed dams while this property is in a 900 mm annual average rainfall area”.
“I always considered it would be something of a signature sale as no comparable scale property has been offered in this area, nor will one probably be seen again and it is great to see it purchased by a local farming interest.
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Jindivick's Kumbada farm sells before auction

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Quiz champion Honza Mikula has listed his 37 hectare Captains Flat property. 
Mikulov, set south of Queanbeyan, NSW, come with an 1890s mines office residence dating back to its time as the bustling copper mining site of the Lake George Mining Co.
The property (pictured above and below) comes with a landscape of concrete ramparts and relics of the bygone era surrounded by native forest.
<img src="https://www.urban.com.au/images/2018/7/23/Miney.JPG" alt="">
John Buckley at RE/MAX Capital is taking it to <a href="https://www.realestate.com.au/property-house-nsw-captains+flat-128768402" target="_blank">September 1 auction</a>. Buckley expects the property to fetch somewhere between $600,000 and $650,000.
The holding, which is located on Old Mines Road, last traded in the 1960s after the liquidation of the London-based mining company.
Mikula has been on Rockwiz as well as Who Wants to be a Millionaire? in his pursuit of recognition as an Australian quiz champion.
<img src="https://www.urban.com.au/images/2018/7/23/Miney%202.JPG" alt="">
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Former Captains Flat mining site to go under the hammer

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The historic New England high country property, Prestwick has been sold prior to auction.
Meares &amp; Associates had been scheduled to auction the property today.
It sold to a Sydney investor with other rural interests.
The farm had been initially listed in autumn by Roger Grant, the Tamworth-based cattleman who had $5 million to $5.5 million hopes.
With a history dating back to the 1840’s when botanist and explorer Cunningham took up the land grant at Prestwick, it was marketed as a well managed and improved cattle breeding property enjoying all the features of the high country, including strong principally trap and basalt soils, normally high rainfall, with over 50% established with well improved pastures, including a mix of phalaris, cocksfoot, rye and clovers.
Located 55km southwest of Walcha and 53km from the regional centre of Tamworth, the 1,171 hectare (2,893 acres) property has traditionally carried 450 Angus breeding cows and heifers, with the progeny regularly topping the Tamworth premium weaner sale in January, at 8 – 10 months of age.
Prestwick has seen an extensive development program over the past three years with now approximately 565 ha (1,250 acres) of well developed pasture country and a further 60 ha (150 acres) recently cleared and being prepared for new pasture sowing next autumn. 
There is also a potential to develop a further 160 ha (400 acres) with minimal timber clearing and pasturing. The property has also enjoyed a good top- dressing history in recent years with super applied again as recently as April this year.
The property includes a series of sheltered valleys, with excellent generic features including the principally rich trap and basalt soils.
At an altitude ranging from 800m – just under 1,000m above sea level, there's an annual average rainfall of approximately 36” per annum, and excellent water from the 2.5km frontage to the permanent Mulla Creek, approximately 31 large spring-fed dams, an equipped bore and a series of seasonal spring-fed creeks.
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The major development program over the past three years has seen emphasis on fencing, including two efficient laneway systems to the south and west linking to the excellent new 500 head capacity all steel cattle yards complex. 
There is also a new all steel hay/machinery shed close to the existing operating improvements. Further innovation has included the upgrading of the electricity services with power lines now placed underground and also the sinking of a new bore close to the homestead.
The freshly painted and airconditioned Prestwick homestead is a classic well designed spacious two storey weatherboard home comprising 3 bedrooms, office, living and modernised kitchen, with easterly facing verandahs overlooking the established gardens. The adjoining 4 bedroom, 2 bathroom manager’s house is also in very good order.
Prestwick is also recognised for its lifestyle benefits with its attractive homestead and its excellent fishing resources – the Mulla Creek recognised as a major brown trout stream – 70,000 fingerlings fed into the Mulla in recent years.
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Chris Meares said Prestwick saw strong enquiry from Brisbane, rural Queensland, western New South Wales and Sydney.
"The owners of Prestwick have managed the extended dry conditions of the New England extremely well, always maintaining feed in front of their cattle.
"This has led them to minimise their cattle numbers in recent times and therefore, even with the small amount of rainfall received, the property is ‘grassing up’ and, hopefully given the summer storm pattern, should carry a good body of feed into the New Year.”
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New England farm, Prestwick sold pre-auction

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The southern New South Wales farm, Pejar Park, located just north of Goulburn, is being offered for sale by Sydney rural property specialists Meares &amp; Associates.
The offering is via Meares Online Auction to be conducted on 17 and 18 December this year.
Located 25 kilometres north of Goulburn adjoining the village of Woodhouselee, Pejar Park comprises 573 hectares (1,416 acres).
Meares says it could be regarded as a classic high country property (710 metres to 900 metres ASL) with its 75% basalt soils; the balance being granite and loams, its easterly aspect running to a 6 kilometre frontage to the large Pejar Dam.
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Meares commented the current owner Nicholas Rowe has not only preserved, but developed the property.
Taken up in 1939 by Len and Beatrice Bligh, the Pejar homestead was designed under the guidance of leading Sydney architect John Mansfield.
It is set amid award winning gardens with English trees including claret ash, golden elms, maples and deodars.
Nicholas Rowe continued the development of Pejar Park improving the homestead and gardens under the guidance of well known designer Donald Campbell.
It has been running between 2,200 and 2,500 cross-bred ewes plus some cattle, including its Sydney Royal award winning Poll Hereford stud.
Recent sales in the Goulburn/Roslyn/Crookwell area have seen land sell for upwards of $3,500 to $4,300 per acre.
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It is expected that the property will sell in a range of $5 million to $5.5 million, i.e. ($3500 to $4000 per acre).
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Pejar Park grazing property and homestead listed for online auction

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A Glanmire, NSW, has sold for $7.1 million – a significant amount over reserve, according to its selling agency.
The sale of <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZG1sL0iOZoOnpA/trL2FuXNBIVuoLU/yHZ&amp;rh=ff004a4e0f3c0c00611a22e1e64d9dd4a4c41939" target="_blank">4985 Great Western Highway</a>, known as Kenda Park, was Ray White’s biggest under the hammer last week.
Kenda Park includes three houses, excellent equestrian facilities and extensive farming infrastructure.
Ray White Emms Mooney rural sales specialist Peter Crampton said the 404.5 hectare property is a high-profile asset located 8 kilometres from Bathurst.
Mooney said the property is approximately 95 per cent arable, the property is suitable for lucerne or other fodder crop production, livestock fattening, breeding, and as a farm stay or B&amp;B-style accommodation.
“For a block that size being so close to town to be available really is rare and it came down to two parties that really wanted the property,” Crampton said. “There was strong enquiry throughout the campaign. We had in order of 40 email enquiries and about the same number of telephone enquiries resulting in 20 inspections of the property.” Kenda Park was purchased by a husband and wife who had been living in the local area for years. “Bathurst is really popular with local and Sydney buyers, and being just over the mountains, it’s perfectly placed for city and tranquility,” Crampton said. “We’ve also had some good recent summer rain so the property was looking great and presented well with good feed on it.”
Crampton said top Ray White Rural agent Sam D’Arcy represented the buyers.
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Rural NSW farm Kenda Park sells for $7.1 million under the hammer

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Ray White Rural South Australia has eight rural properties going under the hammer.
The ongoing growth in farming land values in SA over the past few years has led to this flurry of auctions. 
The offering of Pine Drive (pictured above) presents an opportunity to acquire a 712 hectare parcel of land in the Farrell Flat area.
It's now in its fourth generation and 100th consecutive year of ownership in the same family name, Pine Drive is being offered for sale as a whole.
Ray White Rural SA Director Geoff Schell said some of the higher rainfall areas and more reliable cropping areas had seen capital growth of up to 20 to 30 per cent in the last two years.
<img src="https://f.datasrvr.com/f1/319/14297/Pinerow.JPG">
Mr Schell said, “many of the properties coming on to the market are from those exiting agriculture because they don’t have the next generation coming home to the family farm."
“They’re also coming from those who don’t have the scale of operation for business efficiency or don’t want to or are unable to increase debt levels to invest further into farm expansion."
“With the continuing dry across Australia, we’re also seeing very strong enquiry from within SA and NSW and the drier areas of Victoria for the higher rainfall areas of SA. The south-east region of SA has performed very well when many other areas have struggled."
<img src="https://f.datasrvr.com/f1/119/61884/Schaefer's.JPG"> “With the continued strength of the livestock sector, a number of our clients have sought opportunities to purchase grazing properties in south-east SA and higher rainfall areas of the Mid North and there’s also good enquiry for well-developed SA pastoral properties.
“We're also seeing investor interest in agriculture where both smaller private investors and high net worth investors see agriculture as a key investment area with solid returns and a bright future for the sector.
<img src="https://f.datasrvr.com/f1/419/73637/Smithams.JPG"> “Despite ongoing dry conditions for many areas of SA, many sales of agricultural and grazing land throughout SA have exceeded expectations in the last couple of years. In the reliable rainfall districts, we’ve seen demand outstripping supply. “South-east SA has seen a resurgence in enquiry levels in the past 12 months with buyers looking for the higher rainfall and reliability of this region," he concluded.
Upcoming Auctions for Ray White Rural SA;
<a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1Iv0mRHy/+dfphG6yLgAlW42AdMS8CdJ6URjGVdlxj6YlGgsGsZN3W2MERuzm6e+Z6y3Pqqlj1pJcAcFf+Af6RD0LxTw6DAC7b9SGE8BF3zg/3WIOVEW9P0=&amp;rh=ff00527bf108b4e4e8f335fe774bbd1e785f7c51" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">‘Pine Drive’, Farrell Flat</a> - Wednesday 2nd October, The Valleys Lifestyle Centre, Clare <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1Iv0mRHy/+dfphG6yLgAlW42AdMS8CdJ6URjGVdlxj6YlGgsGsZN3W04WNxcLG5N1TFd63ZuBx8H/LXZPPUfE/Iaqyt5d6CuM9ntD1hROEtV&amp;rh=ff00527bf108b4e4e8f335fe774bbd1e785f7c51" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">‘Smitham’s’, Hart</a> - Wednesday 9th October, The Valleys Lifestyle Centre, Clare <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1Iv0mRHy/+dfphG6yLgAlW42AdMS8CdJ6URjGVdlxj6YlGgsGsZN3W1hZ1VESpObD+5epUppz3lYUQ5pqmO8uxXyFpBbN+1s2xG4NT88QDq3Q0KkyI1zr6I=&amp;rh=ff00527bf108b4e4e8f335fe774bbd1e785f7c51" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">‘Pinerow’, Wirrabara</a> - Tuesday 15th October, Wirrabara Town Hall <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1Iv0mRHy/+dfphG6yLgAlW42AdMS8CdJ6URjGVdlxj6YlGgsGsZN3W1hZ1VESpObD66rBHOFEW1zRpgeigMxx789eW4SDO9xHy752u0QoDbUHw0F9UENoU4=&amp;rh=ff00527bf108b4e4e8f335fe774bbd1e785f7c51" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">‘Stone Hut’, Wirrabara</a> - Tuesday 15th October, Wirrabara Town Hall <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1Iv0mRHy/+dfphG6yLgAlW42AdMS8CdJ6URjGVdlxj6YlGgsGsZN3W0ybM1E5dEG1dWaWgP4Lrlp8HLC0+V4yczD/WKlzzRfcoC5HEw3RCUXiCssyNKgJcw=&amp;rh=ff00527bf108b4e4e8f335fe774bbd1e785f7c51" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">‘Schaefer’s’, Bethel</a> - Thursday 17th October, Dutton Park, Kapunda <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1Iv0mRHy/+dfphG6yLgAlW42AdMS8CdJ6URjGVdlxj6YlGgsGsZN3W0ybM1E5dEG1RhovXw1rbB5My9i7JfQFKWpAdmgc3r8JbCKo4tqSok7&amp;rh=ff00527bf108b4e4e8f335fe774bbd1e785f7c51" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">‘Bagot Well Block’, Bagot Well</a> - Thursday 17th October, Dutton Park, Kapunda <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1Iv0mRHy/+dfphG6yLgAlW42AdMS8CdJ6URjGVdlxj6YlGgsGsZN3W3I/1cdNSG2EXnn7u0nOb1vwGKWONmhaxTOP1uR8oGGCS0JQsHKNsdkj+S6My/nAXs=&amp;rh=ff00527bf108b4e4e8f335fe774bbd1e785f7c51" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">‘Launer’s’ Robertstown</a> - Thursday 17th October, Dutton Park Kapunda <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1Iv0mRHy/+dfphG6yLgAlW42AdMS8CdJ6URjGVdlxj6YlGgsGsZN3W1hZ1VESpObD66rBHOFEW1zuWA28l3Esur8rsJaQvazRlnRNmAmt+qu&amp;rh=ff00527bf108b4e4e8f335fe774bbd1e785f7c51" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">‘Cobiacs’ Wirrabara</a> - Thursday 24th October, Wirrabara Town Hall.
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